TaxTMI 
TaxTMI 
Notification 67/95 for captive consumption
01 Jul 2014 
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Exemption for captive capital goods: in factory manufacture on account can qualify for exemption without new excise registration.
An outside agency manufacturing capital goods within a registered factory on the factory-owner's account is treated as manufacture by the registered unit; such capital goods retained for use in producing dutiable final products may be exempt under Notification No. 67/95, no fresh excise registration is required, and dies/tools retained in the factory are exempt from removal treatment but their cost must be amortised into component transaction value for duty computation. (AI Summary)
An outside agency manufacturing capital goods within a registered factory on the factory-owner's account is treated as manufacture by the registered unit; such capital goods retained for use in producing dutiable final products may be exempt under Notification No. 67/95, no fresh excise registration is required, and dies/tools retained in the factory are exempt from removal treatment but their cost must be amortised into component transaction value for duty computation. (AI Summary)
Dear Experts,Whether any capital goods mfg or fabricated by the other agency in own premises is exempted from excise duty and central excise registration under notification 67/95.Please advice.Thanks